Stocks see sharp rise

Stocks ended higher on Monday after previous session’s sharp decline as investors went for buying spree on lucrative stocks amid optimism. The market opened with a positive trend and the uptrend continued till the market closure. Eventually, DSEX, the prime index of the DSE ended at 4,415.96 points, gaining 69.62 points or 1.60 per cent from previous session. The DS30, comprising blue chips gained 28.74 points or 1.79 per cent to close at 1,629.04 points. The DSE Shariah Index (DSES) also went up by 18.43 points or 1.84 per cent to close at 1,015.43 points. The total turnover at DSE stood at Tk 4.20 billion against previous session’s Tk 4.16 billion. The gainers took a strong lead over the losers as out of 294 issues traded, 211 advanced, 65 declined and 18 closed unchanged on the DSE floor. Lafarge Surma Cement was the day’s topped turnover chart for the second running session with shares worth Tk 329.54 million changing hands followed by BSRM Steels, GP, MJL BD and GPH Ispat. Asia Insurance was the day’s highest gainer, posting a rise of 10.68 per cent following its dividend declaration while Wata Chemicals was the day’s worst loser, slumping by 5.58 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also saw sharp rise with its Selective Categories Index – CSCX – gained 102.85 points to close at 8,365.40 points. Gainers beat losers 147 to 55, with 21 issues remaining unchanged at the port city bourse that traded 8.05 million shares and mutual fund units, turnover value of Tk 291.75 million.